production funding in june, page-39

My apologies re the use of incorrect terminology. I meant that they wanted to increase "indicated" gold and this is easy to hedge against. I should also point out that Pete Ironside only mentioned hedging as one possibility for obtaining funds possibly because I said I expected the price of gold to peak this year rather than when they start producing next year. I think he wanted to point out that if they wanted they could still take advantage of peak gold prices through hedging. However if anyone wants clarification just phone him and ask yourself.